Yachimovich proposing estate tax on large Inheritances

21.02.2012                      28.Schwat. 5772

Steuern:

Yachimovich proposing estate tax on large Inheritances

It's a win-win: The heirs stay rich, but social gaps narrow, MK says.

Inheriting more than NIS 15 million could wind up costing heirs 5% to 12.5% in estate tax, if a bill proposed on Monday by MK Shelly Yachimovich is enacted into law.
Yachimovich, chairwoman of the Labor Party, put the bill together in consultation with tax experts who are also former Finance Ministry officials. It's far from the first time estate tax has been proposed: The last was in January 2011, by Yachimovich together with MK Marina Solodkin of Kadima (The coalition shot it down ). But Yachimovich believes the time is right because the public has come to feel the social gaps to be intolerable, she explained….